The ICS system of investment protection Sample Clauses

The ICS system of investment protection. Under public pressure the Commission modified this in its TTIP proposals as a proposed public investment court, instead of the commercial-style tribunals used in other agreements. There is no provision for ISDS in the existing FTA with Mexico but the Commission will build on the new CETA formula in its proposals for Mexico. So in the future, TNCs would not only be allowed to xxx governments if their profits are seen to be hindered by the state on the basis of the BITs which link Mexico with European member states, but also on the basis of the new FTA.4 In this respect the new FTA will be an extension of the 16 existing BITs (bilateral investment treaties) between European states and Mexico. For instance, Spanish investors (one of the largest European investors in Mexico) launched five ISDS claims against the Mexican government in recent years, one of which is a $1 billion claim from Telefonica because the Mexican government (under the supervision of the OECD) introduced new regulations in their telecommunications sector5. The proposed FTA would enshrine the ICS/ISDS system as a tool for investors within both Parties’ jurisdictions. An issue yet to be addressed is the complicity of TNCs in human rights abuses in Mexico under the current Agreement. In August 2016, over 100 civil society organisations drafted a report detailing around 60 human rights abuses by TNCs recorded in Mexico in previous years6. Around 50 foreign-owned TNCs were implicated, some of which are European-owned companies. Abuses from European companies include: the depletion of aquifers and poisoning the water supply with toxic waste; violating indigenous rights; not holding prior consultations; and refusing workers the right to strike7. Under Investment Protection, there is a risk that it will be more difficult to introduce measures that protect human rights for fear of an ICS claim. 3 Art. X.4 section 2, p. 398 of the consolidated CETA text, and Art. X.6, pp. 400-01. 4 European Commission (2016), ‘Commission Staff Working Document: Impact Assessment’, doc. no. SWD(2015) 289 final, p. 12, xxxx://xxxxx.xx.xxxxxx.xx/doclib/docs/2016/march/tradoc_154396.034027.1.SWD_2015_289_EN%20IAR.pdf (July 2016). 5 Xxxxxx Xxxxx-Xxxxx and Xxxxxxx Xxxxxxxxxx, Letter of concern on the proposed ‘modernisation’ of the EU-Mexico FTA, Last modified January 2017 xxxxx://xxx.xxx.xxx/en/article/letter-of-concern-on-the-proposed-modernisation-of-the-eu-mexico-fta 6Mexico: Over 60 cases of alleged corporate abuse do...
Sample 1
AutoNDA by SimpleDocs

Related to The ICS system of investment protection

  • Xxxx Protection 23.1With respect to the Parties' rights and obligations under this Framework Agreement, the Parties agree that the Authority is the Data Controller and that the Supplier is the Data Processor.

  • System Protection To prevent compromise of systems which contain DSHS Data or through which that Data passes:

  • CONTRACTOR California Department of General Services Use Only CONTRACTOR’S NAME (if other than an individual, state whether a corporation, partnership, etc.)   BY (Authorized Signature)  DATE SIGNED (Do not type) PRINTED NAME AND TITLE OF PERSON SIGNING   ADDRESS   STATE OF CALIFORNIA AGENCY NAME   BY (Authorized Signature)  DATE SIGNED (Do not type) PRINTED NAME AND TITLE OF PERSON SIGNING Exempt per:       ADDRESS   Exhibit A Project Summary & Scope of Work

  • Xxxxx Disaster Protection In accordance with the requirements of the Flood Disaster Protection Act of 1973 (42 U.S.C. 4001), the Subrecipient shall assure that for activities located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards, flood insurance under the National Flood Insurance Program is obtained and maintained as a condition of financial assistance for acquisition or construction purposes (including rehabilitation).

  • Whistle Blowing Protection The Employer agrees to adhere to the whistle blowing protection pursuant to the Long-Term Care Homes Act (LTCHA).

  • Investment Promotion and Protection 1. Bearing in mind the respective powers and competences of the Community and the Member States, cooperation shall aim to establish a favourable climate for private investment, both domestic and foreign, especially through better conditions for investment protection, the transfer of capital and the exchange of information on investment opportunities.

  • System Protection Facilities The Interconnection Customer shall, at its expense, install, operate and maintain System Protection Facilities as a part of the Large Generating Facility or the Interconnection Customer’s Interconnection Facilities. The Participating TO shall install at the Interconnection Customer's expense any System Protection Facilities that may be required on the Participating TO’s Interconnection Facilities or the Participating TO’s Transmission System as a result of the interconnection of the Large Generating Facility and the Interconnection Customer’s Interconnection Facilities.

  • Foot Protection The Employer reserves the right to require the wearing of foot protection by employees. In such cases, the Employer will provide a safety device or, if the Employer requires the employee to purchase approved safety shoes, the Employer will pay an allowance, not to exceed the established contract price approved by the State Purchasing Division, during January of each year.

  • Interim Measures of Protection A Tribunal may order an interim measure of protection to preserve the rights of a disputing party, or to facilitate the conduct of arbitral proceedings, including an order to preserve evidence in the possession or control of a disputing party. A Tribunal may not order attachment or enjoin the application of the measure alleged to constitute a breach referred to in paragraph 1 of Article 76.

  • Cooperation on forestry matters and environmental protection 1. The aims of cooperation on forestry matters and environmental protection will be, but not limited to, as follows: (a) establishing bilateral cooperation relations in the forestry sector; (b) developing a training program and studies for sustainable management of forests; (c) improving the rehabilitation and sustainable management of forest with the aim of increasing carbon sinks and reduce the impact of climate change in the Asia-Pacific region; (d) cooperating on the execution of national projects, aimed at: improving the management of forest plantations for its transformation for industrial purposes and environmental protection; (e) elaborating studies on sustainable use of timber; (f) developing new technologies for the transformation and processing of timber and non-timber species; and (g) improving cooperation in agro-forestry technologies. 2. To achieve the objectives of the Article 149 (Objectives), the Parties may focus, as a means of cooperation and negotiations on concluding a bilateral agreement on forestry cooperation between the two Parties. Such collaboration will be as follows: (a) exchanges on science and technology as well as policies and laws relating the sustainable use of forest resources; (b) cooperation in training programs, internships, exchange of experts and projects advisory; (c) advice and technical assistance to public institutions and organizations of the Parties on sustainable use of forest resources and environmental protection; (d) facilitating forest policy dialogue and technical cooperation under the Network of Sustainable Forest Management and Forest Rehabilitation in Asia- Pacific Region, initiated at the 15th Asia Pacific Economic Cooperation (APEC) Meeting; (e) encouraging joint studies, working visits, exchange of experiences, among others; and (f) others activities mutually agreed.

Time is Money Join Law Insider Premium to draft better contracts faster.